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Nonprofiteer
← UPTOWN CONSORTIUM INC

Form 990 for tax year 2023

Filed by UPTOWN CONSORTIUM INC.

Totals

Total revenue
$2,034,068
Total expenses
$2,677,496
Contributions and grants received
$966,150
Grants paid
$0
Program service revenue
$867,958
Investment income
$195,665
Other revenue
$4,295
Total assets, end of year
$45,671,904
Total liabilities, end of year
$51,410,240
Net assets or fund balances, end of year
-$5,738,336
Program services expenses (Part IX)
$1,882,866
Management and general expenses
$794,630
Fundraising expenses
$0
Program service expenses (Part III)
$1,882,866

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $26,150

  • 1f · All other contributions, gifts and grants

    $940,000

  • 2a · Program service revenue: UP-FRONT AND ORIGINATI

    total $600,000 · related or exempt $600,000

  • 2b · Program service revenue: MANAGEMENT FEE

    total $267,958 · related or exempt $267,958

  • 3 · Investment income

    total $44,709 · excluded $44,709

  • 6a · Gross rents

    real property $37,913

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $37,913

  • 6d · Net rental income or loss

    total $37,913 · related or exempt $37,913

  • 7a · Gross sales of assets other than inventory

    other assets $150,956

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $150,956

  • 7d · Net gain or loss

    total $150,956 · excluded $150,956

  • 8a · Fundraising events: gross income

    $9,029

  • 8a · Fundraising events: contributions included on line 1c

    $26,150

  • 8b · Fundraising events: direct expenses

    $42,647

  • 8c · Net income from fundraising events

    total -$33,618 · excluded -$33,618

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $766,790 · program services $363,197 · management and general $403,593

  • 7 · Other salaries and wages

    total $257,221 · program services $121,835 · management and general $135,386

  • 8 · Pension plan contributions

    total $5,335 · program services $2,527 · management and general $2,808

  • 9 · Other employee benefits

    total $44,765 · program services $21,203 · management and general $23,562

  • 10 · Payroll taxes

    total $50,373 · program services $23,860 · management and general $26,513

  • 11b · Fees: legal

    total $4,328 · program services $2,939 · management and general $1,389

  • 11c · Fees: accounting

    total $39,031 · program services $26,507 · management and general $12,524

  • 11g · Fees: other

    total $68,834 · program services $46,747 · management and general $22,087

  • 12 · Advertising and promotion

    total $117,934 · program services $117,934

  • 13 · Office expenses

    total $56,292 · program services $26,715 · management and general $29,577

  • 17 · Travel

    total $17,759 · program services $14,100 · management and general $3,659

  • 20 · Interest

    total $648,996 · program services $648,996

  • 22 · Depreciation, depletion and amortization

    total $12,053 · management and general $12,053

  • 23 · Insurance

    total $2,033 · program services $304 · management and general $1,729

  • 24a · Other expenses: TRANSPORTATION

    total $293,130 · program services $293,130

  • 24b · Other expenses: MANAGEMENT SERVICE FEES

    total $140,298 · program services $28,060 · management and general $112,238

  • 24c · Other expenses: NEIGHBORHOOD SERVICES

    total $53,100 · program services $53,100

  • 24d · Other expenses: PUBLIC SAFETY

    total $38,128 · program services $38,128

  • 24e · All other expenses

    total $61,096 · program services $53,584 · management and general $7,512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,693,034 · end of year $7,571,218

  • 3 · Pledges and grants receivable

    beginning of year $778,151

  • 4 · Accounts receivable

    beginning of year $296,384 · end of year $114,257

  • 7 · Other notes and loans receivable

    beginning of year $6,875,126 · end of year $6,213,180

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,198 · end of year $39,602

  • 10a · Land, buildings and equipment: cost or other basis

    $31,581,529

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,837

  • 10c · Land, buildings and equipment, net

    beginning of year $30,465,660 · end of year $31,495,692

  • 15 · Other assets

    beginning of year $236,475 · end of year $237,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,581,070 · end of year $898,629

  • 19 · Deferred revenue

    beginning of year $124,274 · end of year $124,274

  • 23 · Secured mortgages and notes payable

    beginning of year $32,866,408 · end of year $34,147,696

  • 25 · Other liabilities

    beginning of year $2,800,772 · end of year $16,239,641

  • 27 · Net assets without donor restrictions

    beginning of year -$6,020,496 · end of year -$5,738,336

  • 28 · Net assets with donor restrictions

    beginning of year $15,000 · end of year $0

Mission and programs · 2023

Mission

THE CONSORTIUM IS A NON-PROFIT COMMUNITY DEVELOPMENT CORPORATION DEDICATED TO THE HUMAN, SOCIAL, ECONOMIC AND PHYSICAL IMPROVEMENT OF UPTOWN CINCINNATI. UPTOWN IS LOCATED JUST NORTH OF DOWNTOWN AND THE CONSORTIUM'S AREAS OF FOCUS GENERALLY INCLUDE THE NEIGHBORHOODS OF AVONDALE, CLIFTON, CLIFTON HEIGHTS, CORRYVILLE, FAIRVIEW, MT. AUBURN AND UNIVERSITY HEIGHTS. THE CONSORTIUM WILL UNDERTAKE A VARIETY OF INVESTMENT AND PROGRAM ACTIVITIES IN UPTOWN TO HELP PROVIDE HOUSING, HEALTH CARE AND JOB OPPORTUNITIES

Activities or mission (Part I)

CORPORATION DEDICATED TO THE HUMAN, SOCIAL, ECONOMIC, AND PHYSICAL IMPROVEMENT OF CINCINNATI.

  • COMMUNITY DEVELOPMENT AND PUBLIC SAFETY - THE OBJECTIVE IS TO PROMOTE UPTOWN NEIGHBORHOODS AS VIBRANT COMMUNITIES WHERE PEOPLE OF DIVERSE ECONOMIC AND CULTURAL BACKGROUND LIVE, WORK, LEARN AND PLAY TOGETHER AND TO ENSURE THAT UPTOWN IS SAFE, ATTRACTIVE AND WALKABLE COMMUNITY FOR ITS RESIDENTS, EMPLOYEES, STUDENTS AND VISITORS.

    Expenses $171,976 · Revenue $82,706

  • ORGANIZATION AND PLANNING - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO PROMOTE ECONOMIC DEVELOPMENT EFFORTS AND NEIGHBORHOOD SERVICES THROUGH INTEGRATED STRATEGIES THAT ADDRESS PHYSICAL IMPROVEMENTS TO HOUSING, INFRASTRUCTURE, AND COMMERCIAL AREAS INCREASING COMMUNITY ECONOMIC ASSETS, AND CREATION AND EXPANSION OF COMMERCIAL INDUSTRIAL, LIFE SCIENCES, HEALTHCARE AND EDUCATIONAL- RELATED SERVICES.

    Expenses $1,287,898 · Revenue $619,616

  • NEIGHBORHOOD SERVICES - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO UNIFY UPTOWN'S CULTURALLY DIVERSE NEIGHBORHOODS AND CREATE A CLEAR SENSE OF PLACE BY FOCUSING ON INITIATIVES FOR PUBLIC SAFETY, TRANSPORTATION, HOUSING, ECONOMIC DEVELOPMENT AND INTEGRATED SOCIAL SERVICES FOR NEIGHBORHOOD RESIDENTS

    Expenses $422,992 · Revenue $203,549

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Neville Pinto

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dave Jenike

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katrina English

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Jenny

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Steve Davis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thane Maynard

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cory Shaw

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hays

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth Robinson

    PRESIDENT & CEO

    Total calculated
    $388,983
    From this org
    $346,188
    From related orgs
    $0
    Other
    $42,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,963
    Bonus
    $50,225
    Other
    $0
    Deferred
    $8,668
    Nontaxable benefits
    $34,127
    Filer's total
    $388,983

  • Ricardo Lopez

    DIRECTOR, ACCOUNTING & FINANCE

    Total calculated
    $173,429
    From this org
    $137,800
    From related orgs
    $0
    Other
    $35,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,238
    Bonus
    $6,562
    Other
    $0
    Deferred
    $3,720
    Nontaxable benefits
    $31,909
    Filer's total
    $173,429

  • Franz Stansbury

    DIRECTOR, REAL ESTATE

    Total calculated
    $204,378
    From this org
    $175,686
    From related orgs
    $0
    Other
    $28,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,320
    Bonus
    $8,366
    Other
    $0
    Deferred
    $4,911
    Nontaxable benefits
    $23,781
    Filer's total
    $204,378

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BURNET AVENUE ASSOCIATES LLC

    HOLD INVESTMENT PROPERTY · OH · income $0 · assets $2,184,796

    Directly controlled by UPTOWN CONSORTIUM INC

  • BURNET AVENUE REDEVELOPMENT LLC

    LAND BANK HOLDING ENTITY · OH · income $0 · assets $18,227

    Directly controlled by UPTOWN CONSORTIUM INC

  • BURNET COMMUNITY PARTNERS LLC

    HOLD INVESTMENT PROPERTY · OH · income $0 · assets $0

    Directly controlled by UPTOWN CONSORTIUM INC

  • CVP REDEVELOPMENT HOLDINGS LLC

    LAND BANK HOLDING ENTITY · OH · income $6,367 · assets -$295,682

    Directly controlled by UPTOWN CONSORTIUM INC

  • NTP DEVELOPMENT LLC

    LAND BANK HOLDING ENTITY · OH · income $44,791 · assets -$7,319,866

    Directly controlled by UPTOWN CONSORTIUM INC

  • SNB DEVELOPMENT GROUP LLC

    DEVELOPMENT AND LAND USE PLANNING ENTITY · OH · income $0 · assets -$89,673

    Directly controlled by UPTOWN CONSORTIUM INC

  • SWQ PROPERTIES LLC

    LAND BANK HOLDING ENTITY · OH · income $0 · assets $3,019,236

    Directly controlled by UPTOWN CONSORTIUM INC

  • UCI RENTAL PROPERTIES LLC

    HOLD RESIDENTIAL REAL ESTATE RENTAL PROPERTIES · OH · income $0 · assets -$68,343

    Directly controlled by UPTOWN CONSORTIUM INC

  • UPTOWN LOAN POOL I

    MAKE LOANS TO THE UPTOWN PARTNERS INVESTMENT FUND · OH · income $272,364 · assets $20,001,267

    Directly controlled by UPTOWN CONSORTIUM INC

  • UPTOWN LOAN POOL II

    CONDUIT FOR MAKING LOANS · OH · income $399,900 · assets $23,157,569

    Directly controlled by UPTOWN CONSORTIUM INC

  • UPTOWN TRANSPORTATION AUTHORITY LLC

    ADDRESS THE TRANSPORTATION INITIATIVE IN UPTOWN · OH · income $150,956 · assets -$8,265,579

    Directly controlled by UPTOWN CONSORTIUM INC

  • LPIII PROPERTIES LLC

    LAND BANK HOLDING ENTITY · OH · income $0 · assets $7,034

    Directly controlled by UPTOWN CONSORTIUM INC

  • LOAN POOL III LLC

    MAKE LOANS TO THE LPIII PROPERTIES, LLC · OH · income $0 · assets $3,990,628

    Directly controlled by UPTOWN CONSORTIUM INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UPTOWN BURNET PLACE INC

    C · DEVELOP LOW INCOME HOUSING PROJECT · OH · 79% owned · share of income $7,947 · share of assets $706,367

    Directly controlled by UPTOWN CONSORTIUM INC

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202443049349302414

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